Texas Roadhouse, Inc. (NASDAQ:TXRH – Get Free Report) Director Donna Epps sold 820 shares of Texas Roadhouse stock in a transaction on Monday, August 17th. The shares were sold at an average price of $206.56, for a total value of $169,379.20. Following the sale, the director directly owned 4,042 shares of the company’s stock, valued at approximately $834,915.52. The trade was a 16.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Texas Roadhouse Stock Performance
Shares of TXRH stock opened at $202.93 on Thursday. Texas Roadhouse, Inc. has a fifty-two week low of $153.82 and a fifty-two week high of $216.30. The stock’s 50-day moving average is $193.86 and its two-hundred day moving average is $179.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.46 and a quick ratio of 0.39. The firm has a market cap of $13.32 billion, a P/E ratio of 32.47, a PEG ratio of 2.01 and a beta of 0.79.
Texas Roadhouse (NASDAQ:TXRH – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $1.85 EPS for the quarter, beating the consensus estimate of $1.83 by $0.02. Texas Roadhouse had a return on equity of 27.20% and a net margin of 6.63%.The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business posted $1.86 EPS. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts predict that Texas Roadhouse, Inc. will post 6.63 earnings per share for the current fiscal year.
Texas Roadhouse Announces Dividend
Wall Street Analyst Weigh In
A number of brokerages recently commented on TXRH. Benchmark restated a “hold” rating on shares of Texas Roadhouse in a research note on Monday, August 10th. Piper Sandler increased their price target on shares of Texas Roadhouse from $192.00 to $208.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. UBS Group raised their price target on shares of Texas Roadhouse from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Guggenheim reaffirmed a “buy” rating and set a $210.00 price objective on shares of Texas Roadhouse in a report on Monday, May 18th. Finally, TD Cowen upped their price objective on Texas Roadhouse from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $208.48.
Check Out Our Latest Stock Report on Texas Roadhouse
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. lifted its position in Texas Roadhouse by 46.2% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,797 shares of the restaurant operator’s stock valued at $347,000 after purchasing an additional 568 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of Texas Roadhouse during the second quarter worth about $1,699,000. Greenleaf Trust acquired a new position in shares of Texas Roadhouse in the 2nd quarter valued at approximately $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Texas Roadhouse by 81.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 218,773 shares of the restaurant operator’s stock worth $42,274,000 after purchasing an additional 97,968 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Texas Roadhouse by 18.4% during the 2nd quarter. Van ECK Associates Corp now owns 61,904 shares of the restaurant operator’s stock worth $11,962,000 after buying an additional 9,627 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.
About Texas Roadhouse
Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand‐cut steaks, fall‐off‐the‐bone ribs, chicken, seafood and house specialties. Each restaurant features a Western‐themed décor, open kitchens and a signature line dance presentation of fresh, made‐from‐scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family‐friendly environment.
The concept was created in 1993 by founder Kent Taylor, who sought to combine high‐quality steaks with an approachable, community‐oriented atmosphere.
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